Business Insurance

Commercial general liability insurance

Covers liability exposures that are common to all organizations; a combination of three separate coverage’s, each with its own insuring agreement and exclusions: Coverage A = general liability; Coverage B = personal injury and advertising injury liability; and Coverage C = medical payments.

Workers’ compensation and employer’s
liability insurance

The first part covers expenses an employer are mandated to pay by state statute to cover specific benefits for employee injuries. The second part protects employers from employee-related suits that are separate from WC claims.

Employment practices liability insurance

Insurance that provides coverage for claims arising out of employment practices. EPLI policies generally cover the organization, its directors, officers, and employees.

Directors’ & officer’s liability insurance
(D&O insurance)

Insurance that provides coverage against wrongful acts which might include actual or alleged errors, omissions, misleading statements, and neglect or breach of duty on the part of the board of directors and other insured persons and entities. Many D&O policies include employment practices liability coverage.

Disability Insurance

Provides an employee security by providing an income should he or she become sick or injured and unable to work.

Employee’s benefits liability (EBL)

Covers errors and omissions in the administration of the insured’s employee benefits such as health insurance or pension benefits.

Umbrella liability insurance

Provides excess coverage over several primary policies, such as CGL, auto liability and employer’s liability. Increases the amount of liability insurance beyond that of the basic policies carried by the nonprofit and reaches out to cover areas of unknown exposures lacking in the basic insurance policy.

Excess liability insurance

Provides coverage over and above primary insurance. The coverage is triggered when the amount of a loss exceeds (exhausts) an existing primary policy. Excess liability coverage mirrors the terms and conditions of the underlying policy.

Fiduciary liability

Protects the fiduciaries of health and welfare, or pension plans from claims by employees alleging financial loss due to mismanagement of funds.

Cyber Liability

With the increased use of e-commerce, web-based file storage and the proliferation of smart phones, laptops and tablets in businesses of all sizes, the risks associated with data security are growing quickly.

Billing Error & Omission

The recent expansion of RAC and ZPIC audits, the Hi Tech Act and ongoing concerns about patient privacy and identity theft makes healthcare providers vulnerable for allegations of fraud, abuse and electronic data misuse that goes far beyond the delivery of medical services. MEDEFENSETM PLUS and e-MDTM were designed to specifically address these concerns and provide coverage that is not afforded under medical professional liability or directors insurance policies. It will protects you for Defense & Fines and Penalties coverage for Medicare/Medicaid Audit: Includes allegations of billing violations from various sources including commercial payers and governmental.

Cyber and privacy insurance is often confused with technology errors and omissions (tech E&O) insurance. In contrast to cyber and privacy insurance, tech E&O coverage is intended to protect providers of technology products and services, such as computer software and hardware manufacturers, website designers, and firms that store corporate data on an off-site basis. Nevertheless, tech E&O insurance policies do contain a number of the same insuring agreements as cyber and privacy policies.

Keys to Look for When Buying Cyber Liability

  • Security and Privacy Liability
  • Network Asset Protection
  • Multimedia Liability
  • Privacy Breach Response Costs
  • Privacy Regulatory Defense and Penalties
  • Cyber Extortion
  • Cyber Terrorism
  • Business Interruption

Employee Benefits:

  1. Group Health Insurance
  2. Group Dental Insurance
  3. Group Vision Insurance
  4. Group and Individual Life Insurance
  5. Long Term Disability Insurance
  6. Short Term Disability Insurance